Product Manager

Location: Sarasota

Product Manager page is loaded## Product Manager locations:
Sarasota, FLtime type:
Full time posted on:
Posted Todayjob requisition :
R008724
** Build a career powered by innovations that matter!
** At Novanta, our innovations power technology products that are transforming healthcare and advanced manufacturing—improving productivity, enhancing people’s lives and redefining what’s possible.  We create for our global customers engineered components and sub-systems that deliver extreme precision and performance for a range of mission-critical applications—from minimally invasive surgery to robotics to 3D metal printing.
** Summary
* * The Product Manager is responsible for the full lifecycle of IoT products or product groups, from initial concept through to discontinuation. Guided by market needs and customer insights, they define product requirements and ensure all necessary documentation is created in line with regulatory and product management standards. Success in this role depends on strong collaboration and alignment across departments—including R&D, upstream marketing, sales, and operations—to drive innovation, ensure execution, and deliver customer value.
** Primary Responsibilities
*** Identify opportunities for new IoT/SaaS products or improvements by analyzing market research and feedback from customers, stakeholders, and internal teams.
* Accountability for revenue & gross margin for a product or product group
* Create product concepts, roadmaps, and strategies for IoT and SaaS offerings, including development of new SaaS business models.
* Create and own NPVs, contribute to phase gate processes, and prepare product requirement documentation.
* Collaborate with Upstream Marketing for Value Proposition, Pricing, Product Positioning and Mid-term Portfolio Strategy to build business cases for New Product Introduction
* Prioritizing product features based on customer feedback and business value
* Coordinate cross-functional teams and collaborate with customers, Upstream Marketing, Sales and R&D
* Executing Product Lifecycle management and competition analysis for IoT offerings
* Monitor the performance of IoT products, using data analytics tools and methods
* Ensure compliance with applicable regulations and standards for IoT products
** General Tasks
*** Strict compliance with the quality, occupational safety and environmental regulations.
* Implementation of the instructions of the quality / environmental management representative and the occupational safety specialist.
** Required Experience, Education, Skills, Training and Competencies
*** 5+ years of product management experience specifically in IoT and Saas products
* Requires experience defining pricing strategy - revenue & gross margin for a product or product group
* Requires that complex problems are anticipated, identified, defined and resolved. Recommendations made by others are analyzed to solve issues bearing broad and long-term impact.
* Complex and varied problem-solving requires extensive diagnosis.  Incumbent acts as advisor to less-experienced personnel. Required to train others. Exercises primarily technical and some process leadership.
* Work requires advanced knowledge of several specific fields of knowledge related to one of the company’s major business functions or of customer’s business requirements, specialized knowledge of product design and process management methods is also needed.
** Travel Requirements
*** Travel by public transportation including train and airplane on demand
* Passport for international travel (customer & internal meetings)
** Physical Requirements
*** Mobility to work in a standard office setting and to use standard office equipment, including a computer.
** Pay transparency
*** The salary for this role will range from $116,550 to $186,480 annually based on full-time employment. Salary offers are based on a wide range of factors including but not limited to location, relevant skills, training, experience, education, etc.
* Certain roles may be eligible for performance-based incentive compensation and/or long-term incentives. Incentives could be discretionary or non-discretionary depending on the plan.
* Novanta supports…